The professional money out there wants somewhere around 2pts and 10% and first position collateral.Banks on the other hand will give you 4.5%-5% money for first position collateral.Both of these lend up to fairly high LTVs, 80% or higher.I just mention these to set the window...Now think about it this way: If you have a family member or friend with $50k in the bank, how much interest are they earning?

Happy Holidays and Enjoy Portland!

Like the big banks adopting a futures market for BitCoin.

@Mike D'Arrigo and Lake City Bank

Purchase price( when it was purchased) RehabARV Rate Also, if refi is out of the question, I would recommend a line of credit with bank. 

Step 0 go to the bank and get pre-qualified for a commercial loan- see how much you can buy. 

Their default procedure is to wire transfer funds but since my bank, Wells Fargo, charges $15 to receive wires, I asked if they can send me a cheque image instead so I can mobile-deposit it.

Banks probably won't talk to you without experience.

My buyer had a preapproval from a bank that is notoriously slow, and seller wouldn’t accept an offer from anyone using them. 

We're using Primary Bank for the lending process.